RefugePilot
Paperwork Proficient
- Joined
- Jan 26, 2006
- Posts
- 283
There were a lot of hurricanes one year and the insurance companies had to raise the rates to compensate for that. Then there was an oil shortage with the gulf war conflict and energy companies had to raise the cost of fuel. Both energy companies and insurance companies posted huge profits after the hikes to offset previous years.PAPA FOX! said:Why NOW would the insurance companies be more strict than before? According to the NTSB 2004 and 2005 have been the safest years ever for GA in both fatal and non-fatal accidents. Something doesn't add up. Anyone know why?